Well, that was a crappy bust. I bought this issue (1000 shares) at my price ($3.81) expecting $5.10 by end of July. The highest it got to was only $4.78. I got out at my stop ($3.43).
Let that be a lesson to you, don't buy stocks priced under $10.00. Regardless of volume. I suspect traders saw my resting buy @ $3.81 and filled it thinking they were going to make money on the way down. That didn't happen, I took their money and was glad to do it. But I was so married to my exit at $5.10 that I........well, you know.
Saturday, September 5, 2009
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